Trump Media Raising $2.5B for Bitcoin Treasury Strategy
What to know:
📍Trump Media and Technology Group announced a $2.5 billion capital raise to create a bitcoin treasury.
📍The company said it has secured agreements with about 50 institutional investors for $1.5 billion in common stocks and $1 billion in convertible notes
📍The news — initially reported on Monday by the FT — provided a modest but fleeting bump in both DJT stock and BTC.
